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Now Biden has been saying prices are coming down and claiming credit, even though prices are still up more than when he came in. In his latest remarks in South Carolina, he also blamed the greedy corporations for Bidenflation. //
But now, Treasury Janet Yellen just threw him under the bus with what she had to say about inflation. She was being interviewed by ABC when she was asked how she would convince people that prices might not go back to what they were before the pandemic. This is an astounding statement, especially in light of what Biden keeps saying now. //
"Well, I think most Americans know that prices are not likely to fall," Yellen said. "It's not the Fed's objective to try to push the level of prices back to where they were."
Oh.
So sorry, just accept we broke everything //
anon-372u
2 hours ago
Inflation was the objective. Make no mistake about that. Inflation is an incredible tool for raising taxes without ever having to discuss it, write legislation or pass a bill in to law. Inflation raises income taxes, property taxes, sales taxes, you name it. It depletes your savings, destroys your emergency fund, and crushes your retirement. But it does get the government a lot more $$$ and most people never get that. //